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Spend Analysis Impacts Strategic Sourcing
Results
Spend Analysis
The first step
in strategic sourcing and spend reduction is the identification of
the categories that your business must focus
on. Spend Analysis is gaining reputation as the
first weapon your organization must use to identify savings
opportunities in your corporate procurement
processes.
However, a
quality Spend Analysis goes beyond identifying the highest
level category spend. A proper spend analysis will contain
methods to consolidate, clean and classify spend data accross
multiple departments, systems and multiple corporate
locations.
Source One's
spend analysis and strategic sourcing
services provides clients
with:
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Aggregated
spends by commodity and
category
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Current contract costs, terms, and
conditions
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Product Specification including quality,
availability and service
requirements
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Understanding of all fixed and variable cost
drivers for total cost of
ownership
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Recommended strategic sourcing strategies for
cost reduction and operational changes to improve short and
long-term profitability
"Analysts estimate that an effective, ongoing
spend analysis program can produce net savings of 7 to 10 percent in
the cost of goods sold, with additional savings elsewhere." (sdcexec.com)
Click Here for a Sample
Source One Spend Analysis
Report | 
